KARACHI, May 31: Al Meezan Investments, dedicated to providing Shariah Compliant Investment Solutions, is in the process of launching Pakistan's first Shariah Compliant Pension Fund Scheme -- Meezan Tahaffuz Pension Fund (MTPF).

Trust Deed for MTPF was signed between Al-Meezan Investments, Pension Fund Manager and Central Depository Company of Pakistan (CDC) as trustee. Al Meezan Investments was represented by Ariful Islam, chairman board of directors, Mohammad Shoaib, CFA, CEO and Kamran Qazi, CFO and company secretary, CDC.

The MTPF is a saving mechanism that provides opportunity to individuals to save from their current income in order to retain financial security and comfort after retirement. It will comprise three sub-funds - equity fund, income fund, money market fund.—PPI